Meta Platforms Inc (META) is “making huge inroads” in the advertising market, and META stock is “cheap,” well-known investor Bryn Talkington recently asserted on CNBC.
A frequent guest on CNBC, Talkington is a Managing Partner of Requisite Capital Management.
Meta Platforms Inc (META) Continues to Make Progress in the Ad Market, Talkington Says
“Instagram continues to be such a behemoth of advertising,” Talkington said. On Instagram, Meta is using AI to generate more clicks and purchases, she asserted.
The latter approach “has been incredibly successful,” the investor stated.
Other Reasons Why META Stock Is Attractive, According to Talkington
META is “a free cash flow juggernaut,” the investor believes. Moreover, the shares are cheap, and Meta Platforms Inc (META) has “a ton of cash,” she said.
The Recent Price Action of META Stock
In the last month, the shares have jumped 31%, while they have fallen 13% in the last three months.
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This article is originally published at Insider Monkey.
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